GA REAL ESTATE EXAM PREP / HARD QUESTIONS & ANSWERS (RATED A+)

How often *must* you take continuing education? - ANSWER-*Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? - ANSWER-Taxes on *personal property*. A *Broker's*, license fee costs how much? - ANSWER-*$170* All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special Assessments, Statutory Right of Redemption, Equitable Right of Redemption - ANSWER-*Statutory Right of Redemption* Which of the following statements about a *Management Agreement* is *FALSE*? - ANSWER-*It is FALSE that*: it requires the Property Manager to work diligently to maximize the Licensee's rate of return. An item of *Functional Obsolescence* is considered *incurable* if the: - ANSWER-cost to repair is more than the value it ads. What is *TRUE* about an *Associate Broker* in Georgia? - ANSWER-Both A&B: *A*. An Associate Broker may perform any real estate brokerage act that requires a license. *B*. An Associate Broker acts on behalf of a Broker. The squared or rectangles used in Georgia legal description are: - ANSWER-*Land Lots* and *Districts*.